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Learn: Goods vs Services
AQA GCSE Business 8132
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Welcome!You've already learned why businesses exist, and now we'll explore the difference between goods and services. Understanding this is key to knowing how businesses operate and meet customer needs.
What are Goods?Goods are physical items that can be seen and touched. They are produced by businesses and sold to consumers. Examples include clothing, electronics, and food.
What are Services?Services are non-physical activities provided by businesses to meet customer needs. Examples include haircuts, teaching, and banking. Services are experienced rather than owned.
Which of the following is an example of a good?
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Comparing Goods and ServicesGoods are tangible and can be stored or transported. Services are intangible and are performed at a specific time. Businesses can offer goods, services, or both.
Match the items on the left with their correct pairs on the right
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Why Businesses Provide Goods and ServicesBusinesses provide goods and services to meet customer needs and wants. Goods satisfy physical needs, while services often address convenience or expertise.
Goods are {{blank0}}, while services are {{blank1}}.
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Examples of Goods and ServicesGoods can range from basic necessities like food to luxury items like jewellery. Services include activities like healthcare or entertainment.
Which of the following is an example of a service?
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Review Time!Great work! You've learned the difference between goods and services, how they are provided, and why businesses offer them. Let's test your understanding.
Which of the following are goods? (Select all that apply)
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A {{blank0}} can be owned, while a {{blank1}} is experienced.
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Match the items on the left with their correct pairs on the right
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What is the key difference between goods and services?
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